Sell Your House - Real Estate Investment Advice

Here is a fact for you. It is possible to sell your house and remain legally obligated on the mortgage.

If promises to sell a house quick seem too good to be true, don't rush. You worked hard at homeownership. Be smart!

Real Estate Investment Advice

If I heard this question once, I heard it a hundred times...

"Kate, I need to sell my house quick. Is it okay to sign over the title to my house?"

I always responded the same way...

"Do you realize you could be giving away your homeownership and remain legally responsible to the mortgage company for your payments?"

That's because the title to real estate is not the same as a mortgage. If you simply deed over your home's title to someone, it does NOT relieve you of the mortgage responsibility.

Homeowners, please consider the difference --

• The title to your home is an asset, your belonging.
• Your mortgage is a contract between you and your lender to pay a debt.

The Difference Between Title And Mortgage

It is especially important to understand the difference between your title and mortgage when you need to sell your house.

Kate's Definition: Title to real estate gives homeownership in the property.

Kate's Definition: A mortgage is a debt secured by real estate requiring repayment.

Here is the point. It is possible to sell your house and remain legally obligated for the full amount of your mortgage.

Beware Of Offers That Seem Too Good To Be True

Beware of offers to sell your house quick that seem too good to be true. Signing over the title to your house does NOT necessarily relieve you of mortgage payments.

Even if you don't own your home any longer, your mortgage company will still expect house payments! From you!

Great Advice For Desperate Homeowners

How should you respond when you hear an offer to sell your house quick? Good advice never changes. Read carefully and consult trusted advisers before signing any documents or contracts.

Remember this. Someone offering to buy your home without going through a formal process is probably a professional buyer. They most likely have superior knowledge to you.

So seek out professional help. Consult your current lender if you are having difficulty making your payment. Call you real estate agent if you need to sell your house. Speak with an attorney if an offer seems too good to be true. Get the best real estate investment advice.

After all, this is your home and your mortgage. No one cares about it more than you. You deserve the best!

Valuable Resource For My Home Buyers and Homeowners

SBI - A Fresh And Innovative Way To Create More Income - Kate's personal story of building this website.

You'll also find a wealth of information at Kate's Best Mortgage Rate Blog packed with the latest additions to this website, interest rate updates and a fresh approach to real estate and mortgages.

More Help For Saving Your Home

Are you behind on your payments now? Have you received a notice of default? Don't give up. With a little knowledge, you can Stop Mortgage Foreclosure.

Foreclosure Help is available. Act now if you think you are going to be late on a mortgage payment.

If you anticipate being late on a mortgage payment, here's help for locating your lender to Stop Foreclosure Now.

By understanding your Adjustable Rate Mortgage, you can anticipate interest rate adjustments and plan for increases in your mortgage payments.

When promises to Sell Your House seem too good to be true, remember this fact. It is possible to sell your house and remain legally obligated on the mortgage. Find out more here before you sell your house.

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You are invited to discover why every homeowner with a Subprime Mortgage needs a long term plan.

Subprime Mortgages - Here is a long term plan I used to help homeowners transition to traditional mortgage financing.

Can I do a Mortgage Loan Modification myself?" The answer is yes. But find out the first question you really should be asking.

Ask Kate About Loan Modification - Ask a question, get an answer from Kate.

Loan Modification Ask and Answer - A collection of questions regarding loan modification, Home Affordable Programs, HARP and HAMP, each with a individual answer from Kate.

Return to Get-Your-Best-Mortgage-Rate home page from Mortgage Loan Modification and Avoiding Foreclosure Collection

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